Core Insights - SciSafe's expansion of its biorepository network in East Brunswick highlights New Jersey's emerging role as a significant player in the cold storage sector, particularly for life sciences [1] Industry Summary - The new facility adds five million cubic feet of capacity and hundreds of cryogenic and ultra-low freezers, addressing the rising demand for temperature-controlled storage driven by biopharma innovation and healthcare logistics [2] - The strategic location near I-95 and Newark Liberty International Airport enables same-day cold chain fulfillment, facilitating the rapid movement of sensitive biologics and pharmaceuticals [3] - The facility's GMP-compliant infrastructure and advanced monitoring systems are designed to support advanced therapies, including cell and gene treatments, which require precise temperature control [4] Market Trends - New Jersey is becoming a competitive market for cold storage development, fueled by scientific expertise, logistics advantages, and ongoing industrial investment [5] - Nationally, vacancy rates for cold storage facilities are low, with many new facilities pre-leased before construction begins, indicating strong demand [6] - New Jersey's advantages include a large population, a robust biopharma base, and proximity to the Port of New York and New Jersey, enhancing its logistics capabilities [7]
Why New Jersey’s cold storage surge matters for logistics
Yahoo Finance·2025-10-20 17:00